RE: LEVEL 229 May 2020 17:53
CB1984
Someone was happy to buy anything up to 12m shares at 10p so he 'bid' 10p in the closing auction. He wanted them before the weekend I suppose.
He managed to attract a few little sellers adding up to 9.8m shares, probably clearing the mm's out of all of their loose stock upto 10p.
This is extremely bullish because:
1. It is an aggressive trade 5% above the offer in size (especially on an up day)
2. He couldn't even get his whole fill (only 9m sold)
3. It's over £1m so not just some trader looking for 10% or whatever.
4. It's 5% above an all time high, double top.
5. Bigger fish are getting attracted to GGP by the day.
Etc.
Cannot wait for the June and end of July results....